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3 years ago

Consider the production possibilities frontier model for an economy that produces only two goods: barley and cars.

Business

1 answer:

Alex17521 [72]3 years ago

7 0

Answer:

Production Possibilities Frontier

Explanation:

In a theoretical economy, the production possibilities frontier, is the curve that shows the combination of goods produced (barley and cars) by an economy given a limited resource. Furthermore the more goods (barley) is produced, the less cars are produced. Thus, for every additional barley's produced, there's an opportunity cost of cars.

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What is the name for a treasury certificate given by the government to an investor in exchange for money? A. Earned income B. Ca

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C. Government bond would be the correct answer

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3 years ago

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchand

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Answer:

$82,400

Explanation:

Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.

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2 years ago

Interest income received by a cash basis taxpayer is generally reported in the tax year it is received. True False

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Answer:

TRUE

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3 years ago

List the 6 areas of internet

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Explanation:

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1 year ago

Bramble Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear

Dima020 [189]

Answer:

The break even in dollars is $23000000

Explanation:

The break even point in dollars is the amount of revenue which produces no profit or no loss and where total revenue equals total cost. The break even in dollars is calculated by dividing the fixed cost by the weighted average contribution margin ratio.

Break even in dollars = Fixed costs / Weighted average contribution margin ratio

Weighted average contribution margin ratio is the contribution margin ratio of each products multiplied by the products weight in the sales mix.

Weighted average contribution margin ratio = Weight in sales mix of Product A * contribution margin ratio of product A + Weight in sales mix of Product B * Contribution margin ratio of Product B

Weighted average contribution margin ratio = 0.65 * 0.3 + 0.35 * 0.5 = 0.37

Break even in dollars = 8510000 / 0.37

Break even in dollars = $23000000

3 0

3 years ago